Life on Hold for Many Philippine Seafarers
.Since then, Salvador—who used to send about $2,000 a month home for two children and sick father—has been stuck in his home: a coastal village in central Philippines, with zero work.“My world stopped spinning,” Salvador, 33, who has been a sailor for nine years, told the Thomson Reuters Foundation by phone from the Iloilo province.His cousin, a deck officer on another ship, was similarly caught up in the lockdown and grounded.“I lost my job, they have to look somewhere else for a crew replacement,” said Salvador.Millions of overseas Filipino workers like Salvador
Chevron Suffers Loss, Plans Job Cuts
goal. Chevron reported a net loss of $725 million, or 39 cents per share, compared with a net profit of $2.57 billion, or $1.37 per share, in the year-ago period. Revenue tumbled 31% to $23.55 billion. Analysts projected a loss of 20 cents on $21.43 billion in revenue, according to Thomson Reuters. "First quarter results declined from a year ago," John Watson, Chevron's chairman and CEO, said in a statement. "Our Upstream business was impacted by a more than 35 percent decline in crude oil prices. Our Downstream operations continued to perform well, although overall
Caterpillar May Cut up to 10,000 Jobs
Caterpillar Inc said it could cut up to 10,000 jobs through 2018 as part of its restructuring and cost reduction plans to save up to $1.5 billion annually. The company said on Thursday that it would cut 4,000-5,000 jobs by the end of 2016, most of them in 2015. Caterpillar had 114,233 employees as of Dec. 31, according to Thomson Reuters data. (Reporting by Ankit Ajmera in Bengaluru)
Saipem Slashes 2015 Guidance, Announces Job Cuts
euros. Previous guidance had pegged net profits for the year at between 200 and 300 million euros and operating profits of 500 to 700 million euros. In the second quarter Saipem posted an EBIT loss of 949 million euros and a loss of 790 million euros in the first half. A Thomson Reuters consensus had pegged second-quarter operating profit at 120 million euros. ($1 = 0.9046 euros) (Reporting by Stephen Jewkes; editing by Francesca Landini
Schlumberger Slashing 9,000 Jobs
income attributable to the company fell to $302 million, or 23 cents per share, in the fourth quarter ended Dec. 31, from $1.66 billion, or $1.26 per share, a year earlier. On an adjusted basis, the company earned $1.50 per share, beating the average analyst estimate of $1.45 per share, according Thomson Reuters I/B/E/S. By Tanvi Mehta and Sneha Banerje
Fuel Cell Stocks Take Market on a Wild Ride
they expect that to happen again," Stone said. "However, it looks like the issues in the past have been cured." In its June quarter, Ballard is expected to post double-digit growth in its top and bottom lines, while Plug Power is projected to nearly double its revenue, according to Thomson Reuters data. (By Ryan Vlastelica, Editing by Jan Paschal)
PML Partners With IMarEST
of the Institute.” Since it was founded almost 40 years ago on its current site on the Hoe, PML has established a globally recognised reputation for scientific excellence. At any one time it is involved in a portfolio of more than 80 commissioned research projects. Recent analysis by Thomson Reuters reported PML outperformed all other UK environmental science providers in terms of the impact of its research.
